Little Caesar Selling 500 Stores

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November 15, 2001

Detroit-Little Caesars Enterprise Inc. plans to sell 500
of its 4,000 stores to franchisees, leaving it with just 50 to 100
company-owned outlets. The sales are expected to be completed
shortly and are part of Manage to Own, a five-year plan announced
in January that gives Little Caesars managers the opportunity to
buy their own restaurants and will enable to company to become
mainly a franchise operation. -Associated Press